April 2020 Month-End Portfolio Recap

This will be my first monthly portfolio / income recap.  In the month of April my dividend payers were:

Realty Income Corp (O) $8.05

EPR Properties (EPR) $3.83

Main Street Capital (MAIN) $2.05

Total April Dividends: $13.93

The chart shows the breakdown along with my year to date dividends:

SeekingDividends.com
Income
2020
	January	February	March	April	Total
O	7.11	7.29	7.31	8.05	29.76
ARCC					0
MAIN				2.05	2.05
EPR				3.83	3.83
AMC					0
XOM					0
Total	7.11	7.29	7.31	13.93	35.64

Since I DRIP my dividends they were re-invested and bought 0.153 shares of O, 0.1724 shares of EPR, and 0.0826 shares of MAIN.  As a result my portfolio at April 30th looked like this:

SeekingDividends.com
Portfolio as of 4/30/2020
Stock	Shares Held	Annual Dividend	Yield %	Annual Income
O	40.69	$2.80	5.10%	$113.93
ARCC	10	$1.60	12.46%	$16.00
MAIN	10.08	$2.46	9.43%	$24.80
EPR	10.17	$4.59	15.60%	$46.68
AMC	10	$0.63	12.80%	$6.30
XOM	3	$3.48	7.49%	$10.44
Total				$218.15

I expect to add to my portfolio in May and will likely work on adding other sectors to diversify.  My portfolio is currently top heavy with REITs and I need to become less dependent on the REIT dividends.

SeekingDividends.com
Portfolio as of 4/30/2020
Stock	Shares Held	Current Share Value	Portfolio Value	Yield %	Annual Dividend	Sector / Type
O	40.69	$54.92	$2,234.69	5.10%	$2.80	REIT
ARCC	10	$12.84	$128.40	12.46%	$1.60	BDC
MAIN	10.08	$26.08	$262.89	9.43%	$2.46	BDC
EPR	10.17	$29.42	$299.20	15.60%	$4.59	REIT
XOM	3	$46.47	$139.41	7.49%	$3.48	Energy
AMC	10	$4.92	$49.20	12.80%	$0.63	Consumer Discretionary
Total			$3,113.79

Starting a blog during COVID-19 has been a bit strange so far.  A lot of the stocks and sectors are the most vulnerable they have ever been.  

My strategy so far is unchanged.  Every month I hope to make my anticipated annual income higher than the previous.  

I wish everyone the best through this strange time we are living in.

Portfolio Update 4/28/2020

Today I sold Energy Transfer (ET) and used the proceeds to open a position in Exxon Mobil (XOM).

Reasons why I sold Energy (ET):

The initial reason was that I found out ET is setup as an MLP.  The thing about MLPs is that they send you a form K-1 as opposed to the traditional 1099-DIV that most of us are accustomed to.  I simply don't want to wait on and deal with their K-1 next year.

The next reason is that I realized I don't know much about the oil market.  We're living in very strange times and the oil market is doing things it has never done before.  I got tired of feeling uncertain about holding this one.

The last reason is that I bought my shares at $5.00 each and sold them for $7.34.  This resulted in a capital gain of roughly 47%.  Not bad for only holding the stock for about a month.  I also sold before the dividend ex date which means I won't be receiving a form K-1 next year.

Reasons why I bought Exxon Mobil (XOM):

Exxon Mobil is a well established Dividend Aristocrat and one of the largest companies in the world by revenue.  XOM has roots dating back to 1870 and has weathered many storms in the years since.  I also understand their both their market and how they make money as a business.  Buying into ET on a whim made me realize that I don't like owning a stock without knowing how it makes money from normal operations.

Current market conditions allowed me to buy XOM and just shy of $45.00 a share.  Not long ago this stock was in the high $60's and even into the $70's.  My primary goal is to increase income from dividends but I also like the possibility of capital gains in the future.

The nearly 8% dividend yield at my purchase price doesn't hurt either.

This is what my portfolio looks like after the changes:

SeekingDividends.com
Portfolio as of 4/28/2020
Stock	Shares Held	Annual Dividend	Yield %	Annual Income
O	40.69	$2.80	5.26%	$113.93
ARCC	10	$1.60	13.01%	$16.00
MAIN	10.08	$2.46	9.76%	$24.80
EPR	10.17	$4.59	16.27%	$46.68
AMC	10	$0.63	15.22%	$6.30
XOM	3	$3.48	7.74%	$10.44
Total				$218.15

In summary I was able to get out of ET while I was ahead and get into XOM at a good price.

Thank you for reading I and hope you found this update useful and/or entertaining.  I welcome any questions or feedback.

Portfolio Update 4/23/2020

As a starting point for this blog the above is my portfolio held my brokerage account.  My goal is passive income and you will notice that Realty Income Corp (O) is my largest holding.  I like O due to their monthly dividend payments, dividend history, and as an easy way to gain exposure to real estate.  Most of us don't have the extra cash to get into the rental market game and for me this is a good alternative.

Within the past month I added EPR, MAIN, ARCC when their prices dropped along with the rest of the market.  EPR is another REIT and MAIN and ARCC are both highly regarded BDCs (Business Development Companies).

I added ET as a short term hold that I hope to sell before their dividend ex date.  The reason being that I don't really want to deal with the form K-1 at tax time next year.  I also picked these shares up at $5.00.

AMC was added as a gamble.  At $3.00 a share it was worth it to roll the dice and see if it rebounds later this year.

I plan to update this from time to time and as new acquisitions are made.